Sell XAUUSD
Sell gold right here and take profit when it touches the weekly trendline below
Trade closed: stop reached
I set the TP at 2636. If someone sets the TP at 2638 it seems to be successful. I personally lost money on this trade. The market is impossible to predict with certainty.
Capital management: If I have 10000usd. Trade with maximum loss of 2%/200usd. So if I set the R:R level to 1:2. I set the loss price of XAUUSD to be 20USD, so I can only place a maximum of 0.1 lot. You will see that it is so small but the little things add up to greatness.
You will lose psychological control if you open a large position and start losing. I can accept losses every day. I evaluate profits over a period of months, quarters or years
Trade closed: stop reached
I set the SL at 2670. I always follow the trading principles. I recommend you do the same. Even though the price may turn around as soon as it hits SL
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